Fidelity Covington Etf Forecast - Price Action Indicator
| FELV Etf | 35.90 0.16 0.45% |
Fidelity Etf Forecast is based on your current time horizon.
At this time the relative strength momentum indicator of Fidelity Covington's share price is below 20 . This usually indicates that the etf is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Fidelity Covington hype-based prediction, you can estimate the value of Fidelity Covington Trust from the perspective of Fidelity Covington response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards Fidelity Covington using Fidelity Covington's stock options and short interest. It helps to benchmark the overall future attitude of investors towards Fidelity using crowd psychology based on the activity and movement of Fidelity Covington's stock price.
Fidelity Covington Implied Volatility | 0.37 |
Fidelity Covington's implied volatility exposes the market's sentiment of Fidelity Covington Trust stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Fidelity Covington's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Fidelity Covington stock will not fluctuate a lot when Fidelity Covington's options are near their expiration.
Fidelity Covington after-hype prediction price | USD 35.88 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as etf price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
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Prediction based on Rule 16 of the current Fidelity contract
Based on the Rule 16, the options market is currently suggesting that Fidelity Covington Trust will have an average daily up or down price movement of about 0.0231% per day over the life of the 2026-03-20 option contract. With Fidelity Covington trading at USD 35.9, that is roughly USD 0.008302 . If you think that the market is fully incorporating Fidelity Covington's daily price movement you should consider acquiring Fidelity Covington Trust options at the current volatility level of 0.37%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Open Interest Against 2026-03-20 Fidelity Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Fidelity Covington's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Fidelity Covington's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Fidelity Covington stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Fidelity Covington's open interest, investors have to compare it to Fidelity Covington's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Fidelity Covington is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Fidelity. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Fidelity Covington Additional Predictive Modules
Most predictive techniques to examine Fidelity price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Fidelity using various technical indicators. When you analyze Fidelity charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Previous Price Action Indicator | Price Action Indicator | Trend |
| (0.01) | 0.16 |
| Check Fidelity Covington Volatility | Backtest Fidelity Covington | Information Ratio |
Fidelity Covington Trading Date Momentum
| On January 23 2026 Fidelity Covington Trust was traded for 35.90 at the closing time. The top price for the day was 35.90 and the lowest listed price was 35.74 . There was no trading activity during the period 0.0. Lack of trading volume on January 23, 2026 did not affect price variability. The overall trading delta against the current closing price is 0.45% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Fidelity Covington to competition |
Other Forecasting Options for Fidelity Covington
For every potential investor in Fidelity, whether a beginner or expert, Fidelity Covington's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fidelity Etf price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fidelity. Basic forecasting techniques help filter out the noise by identifying Fidelity Covington's price trends.Fidelity Covington Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fidelity Covington etf to make a market-neutral strategy. Peer analysis of Fidelity Covington could also be used in its relative valuation, which is a method of valuing Fidelity Covington by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fidelity Covington Market Strength Events
Market strength indicators help investors to evaluate how Fidelity Covington etf reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fidelity Covington shares will generate the highest return on investment. By undertsting and applying Fidelity Covington etf market strength indicators, traders can identify Fidelity Covington Trust entry and exit signals to maximize returns.
Fidelity Covington Risk Indicators
The analysis of Fidelity Covington's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Fidelity Covington's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fidelity etf prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.5628 | |||
| Semi Deviation | 0.5131 | |||
| Standard Deviation | 0.6841 | |||
| Variance | 0.468 | |||
| Downside Variance | 0.4844 | |||
| Semi Variance | 0.2633 | |||
| Expected Short fall | (0.60) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Fidelity Covington
The number of cover stories for Fidelity Covington depends on current market conditions and Fidelity Covington's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Fidelity Covington is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Fidelity Covington's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Check out Historical Fundamental Analysis of Fidelity Covington to cross-verify your projections. You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
The market value of Fidelity Covington Trust is measured differently than its book value, which is the value of Fidelity that is recorded on the company's balance sheet. Investors also form their own opinion of Fidelity Covington's value that differs from its market value or its book value, called intrinsic value, which is Fidelity Covington's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fidelity Covington's market value can be influenced by many factors that don't directly affect Fidelity Covington's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fidelity Covington's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fidelity Covington is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fidelity Covington's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.